1.

R-1 REF 18-13 (F19013)

Assume a nation's current production possibilities are represented by the curve AB inthe above diagram. Positive economic growth would best be indicated by a:
A.shift in the curve from AB to CD .
B.shift in the curve from AB to EF .
C.movement from point 1 to point 2.
D.movement from point 3 to point 4.



2.

R-2 REF 18-25 (F19023)

Refer to the above graph. If the production possibilities curve of an economy shifts from AB to CD, it is most likely caused by:
A.a decrease in the price level.
B.allocative efficiency.
C.technological progress.
D.full employment of resources.



3.

R-3 REF 18-27 (F19025)

Refer to the above graph. The change from Q*B 1 to Q*B 2 represents a shift in the:
A.level of prices.
B.aggregate demand curve.
C.short-run aggregate supply curve.
D.long-run aggregate supply curve.




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